Anderson County SC Real Estate Market Report August 24 2014

33 Homes Sold in Anderson County

There were 20 homes in Anderson, 3 in Belton, 1 in Easley ( Powdersville ), 1 in Fair Play, 2 in Pendleton, 1 in Piedmont, 2 in Townville and 3 in Williamston reported as sold this week.

29 single family homes, 2 condos, 1 mobile home and 1 town home were reported as sold this week.

The average price of the homes reported sold this week was $166,426.

The median price of the homes reported sold this week was $143,000.

The average days on market was 76.

Remember this is for only 1 week and 33 homes!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home.

 

Least Expensive Home Reported Sold in Anderson County

The least expensive home reported sold this week was a brick 1360 SF 3 bedroom 1 bath home on less than 0.25 acres in the city limits of Anderson. It sold for $23,000 CASH after being on the market for 20 days. Originally hit the market at $29,500.

Located in the 29621 Zip Code and the TL Hanna High, McCants Middle and Nevitt Forest Elementary school district per MLS info.

Some hardwood floors, central heat & air. Fireplace in the living room. Really cute home but located in an area that many buyers would not be interested in.

 

Most Expensive Home Reported Sold in Anderson County

The most expensive home reported sold this week was a 4850 SF 5 bedroom 4 bath home on 1.68 acres in Anderson. It sold for $645,000 after being on the market for 30 days. Originally listed at $674,900.

Located in the 29621 Zip Code and the TL Hanna High, McCants Middle and North Pointe Elementary school district per MLS info.

Waterfront Hartwell Lake home with covered dock in place. Close to shopping and I-85. 2 story family room, sun room, formal dining room. 3 car attached garage.

 

  Sold Deal of the Week in Anderson County

In my opinion, the best deal of the homes sold this week was a 1300 SF 3 bedroom 2 bath condo in Anderson. It sold for $52,500 after being on the market for 76 days. Originally hit the market at $63,500.

Located in the 29625 Zip Code and the Westside High, Lakeside Middle and Whitehall Elementary school district per MLS info.

Foreclosure. Community pool, tennis, workout facility and club house. Fireplace. Heat pump. Great location close to I-85 and shopping. Needs some cosmetic work such as carpet and paint.

 

Foreclosures and Short Sales in Anderson County

4 of the homes reported sold this past week were foreclosures.

Only 1 of the homes reported sold was a short sale.

Today there are 99 foreclosed homes for sale in Anderson County.

Today there are 22 homes listed as a short sale in Anderson County.

 

Inventory and Absorption Rate in Anderson County

Today there are 1539 homes for sale in Anderson County.

  If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 326 days to sell all the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

 

New Listings in Anderson County

There were 65 new listings to hit the MLS this week in Anderson County.

  This Week’s Hot New Listing in Anderson County

The best deal in my opinion of this week’s new listings is a 5000+ SF 5 bedroom 3 bath home on 2.34 acres in Pelzer. It hit the market at $335,000.

Located in the 29669 Zip Code and the Palmetto High, Palmetto Middle and Pelzer Elementary school district per MLS info.

Huge older home on a large lot. Convenient location for Anderson or Greenville. If you have always wanted a big home with the classic Southern look of years gone by, this should be high on your list. I am sure it could be a money pit also so get an inspection!

 

Looking Forward

28 homes were reported as going Under Contract (Pending) this week.

Currently there are 254 homes in the MLS with an Under Contract (Pending) status.

Mortgage Rate Update August 23 2014

mortgage rate chart

I keep promising myself I will start writing again but for now it is just the normal weekly posts about mortgage rates and the market reports. Maybe I will have more time since school has started back? No promises as to when I will fire the blog … [Continue reading]

Mortgage Rate Update August 16 2014

mortgage rate chart

Another week has flown by and that means it is time to check the mortgage rates reported by Freddie Mac, the MBA and Bankrate.com for this week. PLUS I will wrap it up with some advice about how a wait and see attitude could cost you more … [Continue reading]

Mortgage Rate Update August 9 2014

mortgage rate chart Freddie Mac August 7 2014

Time once again to look at the average mortgage rates reported by Freddie, the MBA and Bankrate.com! Freddie Mac Reported: 30 year fixed rate mortgages averaged 4.14% with an average 0.7 point This is up from last week when it averaged … [Continue reading]

Standing Room Only

And a great man is the reason why...

Standing Room Only

Normally I post weekly market updates every Sunday. I try to do this so it will go out with that week's email news letter. But this week, these posts were a day late. And for a really good reason. On Sunday, I attended my Uncle's … [Continue reading]

Mortgage Rate Update August 2 2014

Freddie Mac mortgage rate chart July 31 2014

Time to look at this week's average mortgage rates and the news from this week that will be affecting rates. Like I said last week, it was this week's news from the FED, the latest GDP and unemployment numbers that everyone should be watching. I also … [Continue reading]